📉📈 $AMZN USDT in Recovery Mode – Watching the $209 Breakout
$AMZN is currently trading at $207.10 (-0.84%). After a sharp drop from $209.88, the price found support at $202.23 and is attempting a V-shaped recovery.
🔍 Technical Overview:
Price Action: Drop from $209.88 to $202.23, followed by a strong bounce
Trend: Short-term structure remains inside a bearish channel
Reversal Confirmation: A solid 1H close above $208.50 is needed to shift momentum bullish
📊 Key Levels:
🟢 Support: $205.20 / $202.23
🔴 Resistance: $208.50 – $209.88
🎯 Breakout Target: $212 – $214
💹 Trade Setup:
🔥 Buy Zone: $206.00 – $207.00 (preferably with breakout confirmation)
🎯 TP1: $210.00
🎯 TP2: $214.00
🛑 Stop Loss: $204.50
The bounce is promising, but bulls must reclaim the $208.50–$209.88 zone to confirm a trend shift. Watch volume closely near resistance for confirmation.
#AMZN #TokenizedStocks #Technicalanalysis_forDODO $AMZN
